Affordability Chart

A fast and easy tool to find out how much home you can afford. Change interest rates, fees to test different options. (Income may not be enough to qualify. Please check with professional financial advisor for personal consultation)

Asking Price:

$

Heating:

$
/Year

Interest Rate:

%

Condo Fee:

$
/Year

Taxes:

$
/Year

Other Debt:

$
/Year

Amortization:

Years

GDS:

%

TDS:

%

Percent Down:

Down Payment

$

$

$

$

First Mortgage

$

$

$

$

CMHC/GE

$

$

$

$

Total Financing

$

$

$

$

Monthly P&I

$

$

$

$

Monthly Expenses

$

$

$

$

Total Payment

$

$

$

$

Income Required

$

$

$

$

Interest is compounded semi-annually not in advance. The Interest rate is fixed for the term of the mortgage. The interest rate is usually renegotiated at the end of the term of the mortgage.

This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.